Berliner Boersenzeitung - 'Throwaway economy' thwarting climate goals: report

EUR -
AED 4.229988
AFN 73.146945
ALL 96.133079
AMD 434.212947
ANG 2.061819
AOA 1056.200947
ARS 1595.729488
AUD 1.676138
AWG 2.073241
AZN 1.95884
BAM 1.9575
BBD 2.319785
BDT 141.322745
BGN 1.968783
BHD 0.434815
BIF 3421.327021
BMD 1.1518
BND 1.483169
BOB 7.988181
BRL 6.046028
BSD 1.151795
BTN 109.176408
BWP 15.880861
BYN 3.428493
BYR 22575.287657
BZD 2.316392
CAD 1.600253
CDF 2628.988678
CHF 0.919315
CLF 0.02693
CLP 1063.36549
CNY 7.961072
CNH 7.958342
COP 4233.211976
CRC 534.857582
CUC 1.1518
CUP 30.52271
CVE 110.369005
CZK 24.518422
DJF 205.093682
DKK 7.472328
DOP 68.558058
DZD 153.334083
EGP 61.736268
ERN 17.277006
ETB 178.048178
FJD 2.580321
FKP 0.866974
GBP 0.867284
GEL 3.086771
GGP 0.866974
GHS 12.620455
GIP 0.866974
GMD 84.656271
GNF 10098.639609
GTQ 8.815384
GYD 241.106739
HKD 9.021621
HNL 30.579896
HRK 7.535884
HTG 150.976542
HUF 389.090264
IDR 19570.240438
ILS 3.616135
IMP 0.866974
INR 108.896278
IQD 1508.830137
IRR 1512601.862779
ISK 143.606561
JEP 0.866974
JMD 181.293527
JOD 0.816578
JPY 183.86078
KES 149.734428
KGS 100.724635
KHR 4612.886352
KMF 492.970864
KPW 1036.623761
KRW 1744.390407
KWD 0.354775
KYD 0.959846
KZT 556.830884
LAK 25050.648874
LBP 103140.830206
LKR 362.813545
LRD 211.358254
LSL 19.777978
LTL 3.400967
LVL 0.696713
LYD 7.352226
MAD 10.765177
MDL 20.230571
MGA 4800.106597
MKD 61.676346
MMK 2417.436221
MNT 4113.24352
MOP 9.293293
MRU 45.987343
MUR 54.017007
MVR 17.795778
MWK 1997.10857
MXN 20.796407
MYR 4.629663
MZN 73.657744
NAD 19.778236
NGN 1591.99517
NIO 42.386262
NOK 11.212362
NPR 174.665914
NZD 2.005595
OMR 0.442792
PAB 1.151815
PEN 4.012185
PGK 4.977258
PHP 69.977059
PKR 321.451413
PLN 4.279935
PYG 7530.377025
QAR 4.199475
RON 5.097752
RSD 117.405319
RUB 93.874992
RWF 1681.924321
SAR 4.322129
SBD 9.262822
SCR 17.163771
SDG 692.232263
SEK 10.889179
SGD 1.482949
SHP 0.864149
SLE 28.276608
SLL 24152.69076
SOS 658.257439
SRD 43.308822
STD 23839.942611
STN 24.520978
SVC 10.077884
SYP 127.305795
SZL 19.775833
THB 37.764652
TJS 11.005823
TMT 4.031301
TND 3.395971
TOP 2.773258
TRY 51.215473
TTD 7.825763
TWD 36.869937
TZS 2977.40446
UAH 50.484891
UGX 4290.85719
USD 1.1518
UYU 46.623733
UZS 14046.382845
VES 538.960062
VND 30332.663288
VUV 137.508177
WST 3.196803
XAF 656.512961
XAG 0.016275
XAU 0.000254
XCD 3.112798
XCG 2.07583
XDR 0.816616
XOF 656.512961
XPF 119.331742
YER 274.819021
ZAR 19.662788
ZMK 10367.582559
ZMW 21.681643
ZWL 370.879256
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    1.7700

    83.69

    +2.11%

  • CMSC

    -0.1000

    22.67

    -0.44%

  • CMSD

    -0.1600

    22.5

    -0.71%

  • BTI

    0.4600

    58.26

    +0.79%

  • GSK

    0.3900

    54.23

    +0.72%

  • BCC

    0.5200

    74.95

    +0.69%

  • BP

    0.6700

    47.35

    +1.41%

  • RIO

    2.1800

    88.82

    +2.45%

  • BCE

    -0.0200

    25.23

    -0.08%

  • RELX

    0.7800

    32.75

    +2.38%

  • RYCEF

    -0.3000

    14.35

    -2.09%

  • JRI

    0.1200

    11.92

    +1.01%

  • AZN

    5.4600

    193.88

    +2.82%

  • VOD

    0.2100

    14.7

    +1.43%

'Throwaway economy' thwarting climate goals: report
'Throwaway economy' thwarting climate goals: report

'Throwaway economy' thwarting climate goals: report

Countries are neglecting the massive impact of the "throwaway" economy on planet-warming emissions, according to research published Wednesday that calculated more than half a trillion tonnes of virgin materials have been consumed since the 2015 Paris climate deal.

Text size:

From clothing to food, planes to buildings, research by the organisation Circle Economy estimates that 70 percent of greenhouse gas emissions are linked to the manufacturing and use of products.

But in its annual report on the state of the world's use of materials, researchers said national climate pledges to reduce emissions focus narrowly on fossil fuel use and ignore the mounting global appetite for stuff.

Matthew Fraser, head of research at Circle Economy, said the report aimed to look beyond just fossil fuel use and the transition to green energy and ask about the emissions implications of using fewer resources.

"What if we reimagine our relationship with stuff, what would that bring us? Actually, it is quite significant," he told AFP.

The report estimates that if the economy were more circular, reducing resource extraction and consumption by 28 percent, then the world could meet the Paris warming target of 1.5 degrees Celsius above pre-industrial levels.

But only a third of nations' climate pledges mention the circular economy as part of their emissions goals, the report said.

It warns that humanity is consuming 70 percent more virgin materials than the world can safely replenish.

- Economic 'metabolism' -

The analysis looks at global material flows based on national import and export figures and translates them into estimates of materials used -- and reused.

It calculates annual resource use has grown from 89.8 billion tonnes in 2016 to more than 100 billion tonnes in 2019 and estimated it at 101.4 billion last year.

Circle Economy found that almost all of the materials extracted go to waste, with just 8.6 percent of materials recycled in 2020, what they call the circularity gap.

That is an even lower proportion than in 2018, when reused materials were 9.1 percent of the total, as the global demand for more things surges.

"Even though we are getting more efficient with how we use materials -- computers are getting smaller, cars are becoming lighter, recycling is getting better -- these micro gains in efficiency just aren't stacking up relative to the total increasing demand," said Fraser.

The report identified a number of practices across sectors from food production to transportation that it said could help rein in the ever-expanding use of virgin materials.

Fraser said the model that enables people in richer countries to buy products from all over the world to be delivered within hours and days "will inevitably have to change".

The report also weighed strategies like enabling electrical goods -- which contain critical raw materials including gold, silver and cobalt -- to be repaired, redesigning items to be easier to recycle, restricting single-use plastics and renting items like cars rather than buying them.

One sector it identified as having a significant opportunity to reduce its materials footprint was buildings and construction, where Fraser said current practices were far from sustainable.

He said government policy would be needed occasionally to reconfigure the economic incentives that make reusing resources more expensive than using new ones -- stressing that this should be seen as an integral part of efforts to curb global warming.

But Fraser said for now the issue remains a significant blind spot for governments, which he said do not pull together data of their countries' materials footprint.

He added that people in the future may ask tougher questions about whether materials can be recycled before they are even used.

"Could we become more strict about the metabolism of our economy? Just like you wouldn't eat junk food all the time," he said.

"I think in the future that could become more and more prominent."

(F.Schuster--BBZ)